Griffin extends and up-sizes RCF to $1.2 billion

Griffin Global Asset Management (Griffin) has increased the amount available under its unsecured revolving credit facility by $625 million to $1.2 billion and extended the final maturity date for an extra year on June 10, 2024. Mizuho Bank acted as administrative agent for the unsecured revolving credit facility and led a syndicate of additional joint lead arrangers and joint bookrunners including Bank of Montreal, Barclays Bank, Citibank, Goldman Sachs Lending Partners, Morgan Stanley Senior Funding, MUFG, PNC Capital Markets, Société Générale, Sumitomo Mitsui Banking Corporation and Truist Securities. “We are delighted with the extension and significant upsizing of our unsecured revolving credit facility,” said John Beekman, chief financial officer of Griffin. “The scale and flexibility of this unsecured facility is an important tool that allows us to execute our aircraft acquisition strategy and enhances our unsecured balance sheet. We are very pleased to continue growing the relationships with all of our lenders and we appreciate the support from these valued banking partners in closing this important facility.” “We remain focused on building an investment grade business and the upsizing of this facility is another meaningful step towards that objective.”